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Energy

More on China in Africa

In a pattern replicated across the world, China's voracious appetite for raw materials is helping push sub-Saharan economies to their fastest growth in three decades, and inexpensive Chinese-made products are suddenly available across the continent. Yet many Africans say the influx, while offering consumers more affordable goods, has not improved their economic situation and has hurt local companies.

Carbon: think global, act local

So how do you follow up on the on-line carbon market debate we hosted last week? Or how does Al Gore demonstrate his own commitment as he flies around the world promoting An Inconvenient Truth? By doing your own carbon offset - and the fact that today is World Environment Day only increases the incentive.

Subsidizing inefficiency

...a large part of that [Indian fiscal] deficit goes to financing the losses of the electric companies. Two and a half percent of GNP goes into power subsidies [emphasis added]; only half the electricity that's generated actually gets paid for. Some of the other half goes in unfortunate (we economists think) programs to give free power to the farmers. Unfortunately, the farmers who qualify for free power are the ones who are rich enough to be able to afford power in the first place. But having gotten free power, they let their neighbors tap into it.

Africa’s economic outlook

The OECD has released their African Economic Outlook 2005/2006. See the press release:

The African economy is expected to grow by 5.8 per cent this year and another 5.5 per cent next year. Oil-exporting countries are outpacing others by a substantial margin while other countries continue to face serious problems.

SUV driver, ease your conscience

Michael Jarvis's picture

Feeling guilty about the damage your Ford Taurus does to shrinking ice caps? Ford has teamed up with TerraPass to create a Greener Miles program where you can calculate your CO2 emissions and pay the equivalent to support renewable energies and become carbon neutral. This is one of a growing number of schemes out there to help those concerned at climate change offset the impact of using planes, trains and automobiles.


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